OUR NEW WEBSITE IS COMING UP SOON. KEEP VISITING THIS PAGE FOR MORE UPDATES. ----- JOIN OUR WhatsApp BROADCAST LIST, GIVE MISSED CALL ON 08893534646

Monday, August 8, 2016

Update on Agri Commodity 08 Aug 2016









Soyabean




Support at 3550---3480 and Resistance at 3760

If it unable to breach its support level of 3480 then we will see rally till 3680---3720---3760. Further upside rally will see only weekly close above 3760

Nimble traders can buy and accumulate Soyabean in panic with strict stop loss below 3480 on closing basis






Soyaref




Support at 633 and Resistance at 638

Break and sustain above 638 will take to 644---645 and then to 651. Further upside rally will see only close above 651 mark else it could test its support level of 633 again

Close below 633 will take to 628---625 and then to 618 mark.

Trade with levels only








Rmseed



Support at 4780 and Resistance at 4930---4980---5050

Either side break or close with volume will decide further. Till then traders can trade in a range with strict stop loss and wait for confirmation

Anything seems will update via SMS







Jeera



Support at 18500 and Resistance at 20000

Close below 18500 will take Jeera prices to 17800---17500 and then to 16900 mark else it could test its resistance level of 19400---20000 again

Further upside rally will see only close above 20000 mark

Trade with levels only






Dhaniya



Support at 8000----7600 and Resistance at 8750

Overall trend looks positive and any sharp downside panic will be buying opportunity in Dhaniya with strict stop loss below 7600 on closing basis


Weekly close above 8750 will see more upside rally till 9200---9500+ mark in days to come

Trade with levels only






CPO



Flared and made a high of 533 on Thursday and now trading around 531

Now what to expect???

Support at 523 and Resistance at 533

Close above 533 will take to 539---544 and then to 550+ mark in days to come else it could test its support level of 523 again

Further downside panic will see only close below 523 mark

Trade with levels only






Guarseed



Support at 3600---3450 and Resistance at 4000

Overall trend still looks positive until and unless it breach its support level of 3450 mark. 

Our positional target intact 4200---4350+ mark in days to come

Traders can buy and accumulate Guarseed in panic around 3650---3620 with stop loss below 3450 on closing basis for the initial target of 4200---4350 mark

Any reversal seems will update via SMS

























More will update soon...